Long Island Market Surge: New Listings Up 34% in April 2024! What’s Next for Home Prices?

🏡💼 Welcome to your Long Island market update for April 2024! This month, we've seen a surprising 34% increase in new listings, indicating a significant shift in what has been a tightly constrained market. Additionally, pending homes are up by 8% and closed sales have slightly increased. Despite these changes, home prices have still risen by over 4%.

Will this trend continue, or are we heading towards a stabilization of prices? 🤔📉 Stay tuned for a deep dive into what these developments could mean for future prices and competition in the market. Got questions about your neighborhood?

Comment below or reach out directly for personalized insights!


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